Earnest money shows a seller you're serious about buying their home. Understanding how it works in Georgia — and how to protect it — is an important part of making a confident offer.
Jazmyne Collins makes sure buyers understand exactly how their earnest money is handled and safeguarded.
What Earnest Money Is
Earnest money is a good-faith deposit submitted with your offer, typically held by a broker or attorney. It's credited toward your down payment or closing costs at closing.
It signals commitment and strengthens your offer.
How Much to Put Down
Amounts vary by market and price point, often ranging from about 1% of the purchase price upward. A stronger deposit can make your offer more competitive.
We'll advise an amount that balances competitiveness and prudence.
Protecting Your Deposit
Contingencies like due diligence and financing protect your earnest money if you terminate for a covered reason within the agreed timelines. Missing deadlines can put it at risk.
Jazmyne tracks every deadline to keep your money protected.
Frequently Asked Questions
How much earnest money do I need in Georgia?
It varies, but often starts around 1% of the purchase price. A larger deposit can strengthen your offer in a competitive market.
Do I get my earnest money back if the deal falls through?
If you terminate for a reason covered by a contingency within the agreed timelines, typically yes. Missing deadlines can put it at risk, so we track them closely.
